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9
Managing Director’s Review
Dear Shareholders,
Financial Performance
We close 2008 feeling cautious, yet appreciative. Despite the fact that the world
economy fell into one of the most serious recession after World War II in the fourth
quarter of 2008, with a solid business foundation and prudent cost control measures,
we are able to sustain a profitable business with commendable revenue and healthy
net profit margin.
Revenue (RM,000)
Profit Before Taxation (RM’000)
36,169
26,413
24,000
14,867
13,648
13,857
9,826
8,599
6,247
5,069
2004
2005
2006
2007
2008
We ended our financial year with
RM26.4 Million in revenue and
RM8.6 Million in profit before tax
32%
29%
(PBT). Revenue declined 27%
23%
from RM36.2 Million while our
17%
PBT declined 42% from RM14.9
Million one year ago. The decline
in both revenue and profit were
2005
2006
2007
2008
mainly attributed to lower sales,
ROE (%)
which was affected by economic
uncertainties worldwide and
locally.
Our earnings per share (EPS)
declined from 9.3 sen in 2007
to 5.4 sen in 2008 and our return
9.31
of equity decreased from 32%
6.13
5.37
in 2007 to 17% in 2008. We do
3.65
not have any short term and
long term borrowings as at
31 December 2008.
2005
2006
2007
2008
EPS (Sen)
Product Development and Operation
Introduction
ViTrox is a cutting-edge solution provider of innovative, advance and cost effective
automated vision inspection system & equipment for the semiconductor and electronic
packaging industries. We develop, manufacture and sell three core product portfolios
namely machine vision system (MVS), automated optical inspection (AOI) and
electronics communication system (ECS). We serve customers from semiconductor
packaging industry, printed circuit board industry, electronics assemblies and original
equipment manufacturers around the world. Our solutions are used to inspect &
control manufactured product quality before they are used in down stream
manufacturers to produce consumer electronics, communications and computing
products such as PC, mobile phone, game console, MP3 etc. We provide inspection
solutions in 2D and 3D measurements that come as a standalone module or a complete
integrated inspection equipment.